Fayetteville: Research Park Showcases Innovation (Technology Advancements | Winner 20,000+)

by Arkansas Business Staff  on Monday, Dec. 10, 2012 12:00 am  

“For years, I’ve seen the U of A educate many fine young people in science and engineering, only to have these young graduate and leave the state to find the high-paying tech jobs for which they’ve trained,” Stafford said. “We want to give Arkansas’ best and brightest a place to work here in the state if they choose.”

An average salary more than twice the median household income in Arkansas will help do that.

The work at the park represents highly specialized jobs for highly trained people, and Stafford said the startups spawned at and recruited to the park do more than just bring new jobs to the state.

“Higher wage earners have more disposable income. That provides a boost to the local economy and the tax base,” he said.

Several park startups now compete globally in their fields. Daniel Poneman, deputy director for the U.S. Department of Energy, visited the park earlier this year and came away impressed.

“The level of innovation and creativity here is equal to any I’ve seen,” he said.



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